EUR/USD
1.17379
-0.014%
Gold
4719.32
0.089%
Oil
98.323
-0.394%
USD/JPY
157.596
-0.008%
GBP/USD
1.35394
-0.001%
GBP/JPY
213.380
-0.005%
Real-time News
On May 13, Yonhap News Agency reported that South Korean Defense Minister Ahn Gyu-baek stated on Wednesday that South Korea is studying a phased approach to participating in actions to ensure navigational safety in the Strait of Hormuz, signaling a preference for support without direct military involvement. Ahn stated that he conveyed South Koreas position during his meeting with US Defense Secretary Hergsays on Monday. Ahn said, "We broadly expressed this position: fundamentally, South Korea will participate as a responsible member of the international community and will assess ways to contribute in phases." Ahn indicated that phased support could include statements of political support, personnel deployment, information sharing, and the provision of military assets, but he emphasized that the two sides did not have detailed discussions on expanding South Korean military involvement. The day before the South Korea-US defense ministers meeting, South Korea condemned the attack on a South Korean-flagged vessel near the Strait of Hormuz last week. The South Korean presidential office strongly condemned the incident but stated that the investigation into the perpetrators was ongoing.South Koreas unemployment rate was 2.8% in April, compared to an expected 2.7% and a previous reading of 2.70%.US President Trump posted a picture on social media showing Venezuela becoming the 51st state of the United States.According to an AXIOS reporter, when asked about Trumps proposed suspension of the fuel tax, House Transportation Committee Chairman Sam Graves said, "I think this is just a short-term solution."According to sources familiar with the matter, chipmaker Cerebras Systems is telling potential investors that it expects its IPO to be priced above the upper end of its previously announced price range, as investor demand for the stock surges.
